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Car Loans

 

Get your car loan from Bank of Jordan for new or used cars, with an immediate approval as well as many other benefits.

Benefits:

  • Approval within hours of completing your required documents
  • Fixed competitive interest rates, with the possibility of financing with a diminishing interest rate.
  • Easy and quick procedures.
  • Financing up to 100% of the car value
  • Repayment period for up to 8 years
  • Financing reaches up to JD 100,000 
  • Possibility of financing new or used cars
  • Preapproved credit card with issuance fees waiver
  • No guarantor or salary transfer required
  • Receive free life insurance
  • Possibility of financing more than one car
  • The possibility of funding with the least requirements for proof of income if the funding ratio does not exceed 50%
  • Availability of a dedicated sales team to serve you at any time

Terms:

  • This loan is available for Jordanian employees in public or private sectors, retirees, military personnel, international entities' employees , and self-employed individuals, as well as Jordanian expatriates and foreigners residing in Jordan
  • Loan applicant must be at least 21 years old, and must not exceed 65 years at the expiration of the loan
  • A one-time 1% commission will be charged.

Required Documents:

  • Valid ID
  • Diagnostic evaluation report of the vehicle from a source approved by the Bank, or an official quotation from the vehicle agent, in the case that the vehicle is brand new
  • Copy of the used car license
  • Comprehensive insurance documents
  • Bank account statement for the last 6 months
  • Proof of income
  • Any additional documents required upon credit evaluation

 

Car financing ratio up to 50% of car value with only ID required

  • Easy and quick procedures.
  • Fixed competitive interest rate.
  • Financing ratio up to 50% of car value 
  • Financing reaches up to JD 100,000 
  • Repayment period up to 5 years
  • Possibility of financing new or used cars

 

Apply for your car loan now. For more information, please visit the nearest branch, or contact our Call Center around the clock at 065807777.

 

Bank terms and conditions apply